The Supreme Court on Tuesday asked a company, one of whose directors is Latha Rajinikanth – wife of Tamil superstar-turned politician Rajinikanth and one of the firm’s directors, to repay the outstanding loan within three months, otherwise she will be liable for the amount.
Latha Rajinikanth is one of the Directors of the Mediaone Global Entertainment that had taken Rs 14.90 crore loan from Bengaluru-based Ad-Bureau Advertising to finish post-production work of Rajanikanth-Deepika Padukone starrer film Kochadaiiyaan, directed by Rajinikanth’s younger daughter Soundarya. The amount outstanding is Rs 6.20 crore. Keeping the petition by Ad-Bureau Advertising pending for three months, the bench of Justice Ranjan Gogoi and Justice R.Banumathi, in their order, said that Mediaone would pay the amount in three months failing which Latha Rajanikanth would bear the burden of payment.
“Special leave petition is kept pending for three months. Within the aforesaid period of three months if the company – Mediaone Global Entertainment Ltd – does not pay the balance dues, the respondent-accused (Latha Rajanikanth) has undertaken before the Court to pay the amount due,” it said. Recording the statement made on behalf of Latha Rajanikanth, the court directed the next hearing of the matter on July 3.
The matter has been in the hearing for a long time now and the court has now given its verdict. Even though the lawyers of Latha Rajinikanth put forth their side of evidences and facts, the court pronounced its decision asking the company to clear the dues.
Much has been speculated about the loan issue in the last 6 months and many media reports even said that the loans were all repaid in time, the pending petition has brought few unknown facts to light about the payments. Latha Rajinikanth is yet to respond to this statement and put out an official statement about the whole loan repayment issue.